Mediolanum International Funds Ltd Grows Position in The Sherwin-Williams Company (NYSE:SHW)

Mediolanum International Funds Ltd boosted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 35.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,626 shares of the specialty chemicals company’s stock after purchasing an additional 8,856 shares during the period. Mediolanum International Funds Ltd’s holdings in Sherwin-Williams were worth $12,848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lake Street Advisors Group LLC raised its holdings in Sherwin-Williams by 4.9% during the third quarter. Lake Street Advisors Group LLC now owns 5,838 shares of the specialty chemicals company’s stock valued at $2,228,000 after acquiring an additional 274 shares during the period. Ballentine Partners LLC raised its holdings in Sherwin-Williams by 13.2% during the third quarter. Ballentine Partners LLC now owns 4,521 shares of the specialty chemicals company’s stock valued at $1,726,000 after acquiring an additional 526 shares during the period. Silver Oak Securities Incorporated raised its holdings in Sherwin-Williams by 180.0% during the third quarter. Silver Oak Securities Incorporated now owns 1,498 shares of the specialty chemicals company’s stock valued at $573,000 after acquiring an additional 963 shares during the period. Moody Lynn & Lieberson LLC raised its holdings in Sherwin-Williams by 14.5% during the third quarter. Moody Lynn & Lieberson LLC now owns 8,456 shares of the specialty chemicals company’s stock valued at $3,227,000 after acquiring an additional 1,069 shares during the period. Finally, Nicholson Wealth Management Group LLC bought a new stake in Sherwin-Williams during the third quarter valued at about $1,011,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.7 %

Shares of NYSE:SHW opened at $359.04 on Friday. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $392.57. The business has a 50 day simple moving average of $371.91 and a two-hundred day simple moving average of $334.83. The firm has a market capitalization of $91.03 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the firm earned $3.20 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that The Sherwin-Williams Company will post 11.31 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Analyst Ratings Changes

A number of research firms have commented on SHW. Evercore ISI decreased their price target on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday. The Goldman Sachs Group lifted their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reduced their target price on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $395.29.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.